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Stock Investors Bid Up Shares of Trina Solar, Up 5.6%

Published on Mon, 04/29/2013 - 10:15
By Adrienne Chilton

Trina Solar (NYSE:TSL) is a company whose shares are active, trading 5.6% higher to $5.11. The S&P is currently trading 0.6% higher to 1,592 and the Dow Jones Industrial Average is trading 0.4% higher to 14,780.

Over the past year, Trina Solar has traded in a range of $2.04 to $7.99 and is now at $5.11, 150% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.9%.

Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots and modules. The Company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide.

There is potential upside of 0.5% for shares of Trina Solar based on a current price of $5.11 and an average consensus analyst price target of $5.13. The stock should discover initial support at its 200-day moving average (MA) of $4.39 and subsequent support at its 50-day MA of $4.12.

By Adrienne Chilton
achilton@fnno.com